Public and Private Sectors Meet on Economic Development
Today, the Belize Biltmore Plaza was the site of a very high-profile, high-powered economic forum, under the theme – Strengthening Partnership for Growth. It’s the third of its kind, an initiative to strengthen the collaboration between the public and private sectors in Belize. Industry stakeholders, big business operators, bankers, financial experts, entrepreneurs and government officials engaged in panel discussions on various pertinent topics with one goal – developing the economy. Mike Rudon was at the opening ceremony this morning and has the story.
Mike Rudon, Reporting
The first business forum took place in 2011, an effort by government to open meaningful dialogue with the private sector in Belize. Since then the initiative has taken flight, and today there was massive participation from private sector stakeholders, as well as industry giants and financial experts. Traditionally the sessions have been speech-centred, but this year it’s being done different to allow for more interaction, input and constructive discussion.
Mike Singh, C.E.O., Ministry of Trade and Investment Promotion
“This year we’re doing panel discussions, and we’ve brought in people from key areas in government, key areas in the private sector, key areas in the productive sector to sit and have discussions on specific topics, to discuss issues like competitiveness, education, skill needs…I could go through a long list but I believe that there are four panels after which there are question and answer sessions with the private sector. The Prime Minister is on hand to address any issue that they might have, and I also believe that for him it will be a learning experience as well because it really is intended to be a two way thing, not a one way speech-giving activity.”
Mad Media Solutions is owned and operated by Mr. Francisco Madrid. The business was registered March, 2013. It provides “innovative ID solutions”, as well as Biometric systems to monitor and consistently sustain security issues in organizations.
Mr. Madrid became a client of the Centre on March 2013, and since then has actively sought advice from his primary adviser in areas of financing options, product development, business plan development, investment and market research. As a result of his proactive commitment, and focused advising from his assigned advisor at the Centre, Mr. Madrid has managed to successfully source financing for the growth and improvement of his business venture.
Additionally, through the assistance of SBDCBeize, Mr. Madrid successfully participated in 2 three days trainings “Business Model by using Lean Canvas”, “Product & Market Research”, with the objective of submitting a realistic proposal to compete for seed capital under the Regional Entrepreneurship Project Entrepreneurship Project “Integral Development of Entrepreneurship in Central America and Dominican Republic”. He was one of the 18 selected from a total of 43 who submitted two PowerPoint presentations and two video pitches, including a sales pitch to an evaluation panel. He received a grant as Seed Capital, which enabled him to increase sales and gain market share.
Contact Mad Media Solutions today for your ID Solutions!
Mad Media Solutions
R. K. Pennel Boulevard, Punta Gorda, Toledo District.
They can also be found in Facebook at http://www.facebook.com/madmediasolution
“SBDCBelize has been a strategic partner in developing my business; Mrs. Riverol is a key factor to my success.”
Owner, Mad Media Solutions
Belize joins the Global Entrepreneurship Monitor (GEM), through the execution of a Compete Caribbean project in Belize to strengthen the Economic Development Council (EDC) [BL-CC2037] and improve the business climate and entrepreneurship; Belize, for the first time, has joined the Global Entrepreneurship Monitor (GEM). Three members of Belize’s National GEM team are attending the annual meeting of GEM national teams in Santiago, Chile.
Other team members for Belize are representatives from the Ministry of Economic Development, the Directorate of Foreign Trade, and the Belize Agro-productive Sector (BAS Group). This national team will be the coordinating body for the two entrepreneurship measurement tools, the Adult Population Survey (APS) and the National Expert Survey (NES).
Notably, GEM is the largest single study of entrepreneurial activity in the globe, which is an academic research consortium that measures and monitors entrepreneurial development, and activities around the world. As the New Year slowly ages, Belize has seized another remarkable opportunity to network with 80 economies, including the other Caribbean countries, such as Barbados, Jamaica, OECS, Suriname, and Trinidad and Tobago.
A country like Belize can benefit significantly from this membership. As these two distinctively designed surveys dissects a nation’s various economic, social, and well-being indicators, which can paint a clear picture or diagnosis of data relating to the three key types of entrepreneurship: force drive, efficiency driven and innovation driven. From this diagnosis, Belize can analyze entrepreneurship bottlenecks, economic development opportunities; but most importantly design and execute more impactful policies and initiatives for enterprise development. (more…)